According to a newly published report by Research Nester on “Electrotherapy System Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of electrotherapy System market in terms of market segmentation by product, by applications, by end-users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The electrotherapy system market is segmented by product into transcutaneous spinal electroanalgesia, transcutaneous electrical nerve stimulation, interferential current therapy, spinal cord stimulation, electro acupuncture, pulsed short wave diathermy, micro current therapy and percutaneous electrical nerve stimulation; by applications into neuromuscular dysfunction, pain management, tissue repair, sports injury treatment, acute and chronic edema, urine and fecal incontinence and iontophoresis; by end-users into hospitals, long-term care centers, rehabilitation centers, clinics and others and by region. The electrotherapy system market is anticipated to record a CAGR of 5.36% over the forecast period (2019-2027).
Electrotherapy systems utilizes electric energy to induce a therapeutic effect on the patient. Athletic trainers and therapists use electrotherapy system as a part of treating athletic injuries. Electrotherapy system is used to relieve pain, elicit muscle contraction for strength and rehabilitation after trauma or immobilization, to manage edema and chronic wound. These systems are used in ion-therapy, for stimulating the motor system and in pain therapy.
Rise in Spinal Injuries
Rising incidences of spinal injuries and lower back pain, as well as their increasing usage in sports medicines is expected to generate a demand for electrotherapy systems. According to the National Spinal Cord Injury Statistical Center, it is estimated that the annual incidence of spinal cord injury (SCI) is approximately 54 cases per one million people in the United States. Growing prevalence of chronic conditions such as diabetes and obesity are some of the factors anticipated to fuel the growth of global electrotherapy system market within the forecast period.
However, lack of guidelines pertaining to the usage along with lower awareness regarding the availability of chronic treatment options are the major concerns for the overall growth of electrotherapy system market. The availability of substitute products further expected to operate as a key restraint towards the growth of electrotherapy system market over the forecast period.
North America region is anticipated to capture the major portion of the electrotherapy market with the U.S. accounting for a major demand. Improved healthcare infrastructure and presence of major players involved in electrotherapy manufacturing are some of the factors driving the growth of electrotherapy market in the region. In addition, increasing usage of electrotherapy systems in the sports injury treatment is also playing a pivotal role towards the growth of the North American market.
The Asian electrotherapy market is projected to grow at the highest CAGR over the forecast period owing to increasing adoption of electrotherapy systems by athletes and growing geriatric population coupled with rising incidences of diabetes. The rising focus of prominent players on the Asian electrotherapy market is another factor driving its growth. Furthermore, emerging countries such as India and China provides immense growth opportunities to the electrotherapy manufacturers.
This report also provides the existing competitive scenario of some of the key players of Medtronic Plc, Boston Scientific Corporation, Zynex Inc, Nevro Corporation, DJO Global Inc, Cyberonics Inc, St Judge Medical, BTL Industries Inc, Uroplasty Inc, EMS Physio Ltd and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the electrotherapy system that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.